Trump talks with Apple CEO Cook, it is reported that iPhone may go up in price later this year.

Just as reports have suggested that Apple is considering raising the price of the iPhone later this year, President Trump of the United States has stated that he spoke with Apple CEO Tim Cook on Monday. Sources familiar with the matter say that Apple is weighing whether to raise the price of the new iPhone models set to be released this fall. The company is exploring a strategy of linking price increases with new features and designs, while also trying to avoid the perception of raising prices in response to US tariffs. Apple has not responded to Bloomberg's request for comment on this matter. Trump has said that he spoke with Cook, and the president did not mention Apple's potential price hike plan, instead emphasizing his belief that Apple will eventually expand its $500 billion investment plan in the United States. Trump stated that Cook will be building many factories for Apple in the US.